South Bound Brook, NJ is an up-and-coming area just outside of New York City. It is known for its small-town atmosphere while still having access to big city amenities. This makes South Bound Brook a great place to live for those wanting to experience both worlds. Living in South Bound Brook can be quite affordable as 2 bedroom rent is around $1,810, which is significantly lower than the US average of $1,430. Additionally, grocery costs here are higher than the national average with an index rating of 104 compared to 100 in the US. There are many local businesses and organizations in South Bound Brook such as The Home Depot, AristaCare at Cedar Oaks, Bergen County Players Inc., and Spring Street Gallery that help make this town such a pleasant place to live. In summary, South Bound Brook is an ideal choice for those looking for a small-town feel with access to larger cities nearby at an affordable cost of living.
South Bound Brook has an unemployment rate of 6.3%. The US average is 6.0%.
South Bound Brook has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for South Bound Brook
- The Sales Tax Rate for South Bound Brook is 6.6%. The US average is 7.3%.
- The Income Tax Rate for South Bound Brook is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for South Bound Brook
- The average income of a South Bound Brook resident is $31,163 a year. The US average is $28,555 a year.
- The Median household income of a South Bound Brook resident is $83,986 a year. The US average is $69,021 a year.